Payoneer vs Novel for non residents

By Rohan Smith, 16 December, 2022

Payoneer review for non-residents without SSN

Bank
Payoneer
SSN Required?
No
ITIN Required?
No
Can Apply Online?
Yes
Summary

Payoneer offers your business a multi-currency account to pay and get paid globally, as easily as you can locally. This all-in-one account gives you everything you need to get paid by your international clients and global marketplaces, pay your suppliers, and invest in growing your business.

Features
  • Global access.
  • Low fees.
  • Withdraw your earnings locally.
  • Pay your global suppliers. contractors and business expenses.
  • Licensed and regulated by multiple government regulators.
  • Get paid in multiple currencies.
Cons
  • High card transaction fees.
  • It adds a currency conversion charge of 2% for international transactions.
  • It also charges an annual fee for the usage of Mastercard.
Link
https://www.payoneer.com/solutions/payoneer-account/

Novel review for non-residents without SSN

Published on
17 April, 2023
Bank
Novel
SSN Required?
No
ITIN Required?
No
Can Apply Online?
With EIN
Summary

Novel Financial, Inc. is a financial technology company and is not a bank. Banking services provided by Blue Ridge Bank; Member FDIC. provides a Global Business Bank Account in Minutes in multi-currency wallets, transfers in 140+ currencies.

Features
  • No minimum balance or minimum transaction requirements.
  • Zero fees on domestic ACH, wire, and international wires for Novel Plus plan members.
  • Virtual cards are issued instantly.
  • Deposit Checks Anywhere.
  • Eligible to US Residents and non-residents.
Link
https://www.trynovel.com/
Neobank?
No